Tag: plans

Indian Angel Network plans investment in around 150 startups

Loknath Das

NEW DELHI: Venture capital consortium Indian Angel Network (IAN) is looking to invest in about 150 start-up firms in coming 4-5 years, a co-founder of the investment group said. “We have made six commitments as of now. In next 4-5 years, we have plans to invest in 100-150 firms,” said IAN co- founder Saurabh Srivastava. He said there is no shortage of funds at IAN and investors are looking at right opportunities. “We have funded in range of half a million to a million. Some has been to the tune of 3…

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NBFC Indian School Finance plans to raise $30-35 million from PE investors

Loknath Das

 Indian School Finance Co. Pvt. Ltd (ISFC), which lends to companies in the education sector, is looking to raise around $30-35 million (approximately Rs200-230 crore) from private equity investors, said two people aware of the development. ISFC, a non-banking financial services company (NBFC), founded in 2008, lends to schools and education institutions. It lends to private schools, affordable schools, vocational institutes and coaching classes to help them build their infrastructure such as setting up of computer and science labs, construction of additional floors or wings in existing premises or for…

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Elon Musk Plans to Make City-to-City Rocket Travel A Reality

Loknath Das

Earlier this week, SpaceX CEO Elon Musk teased “unexpected applications” for the company’s interplanetary transportation technology, set to be detailed during his presentation at the International Astronautical Congress. We now know what he was referring to — ultra-fast long-distance travel right here on Earth. Fly to most places on Earth in under 30 mins and anywhere in under 60. Cost per seat should be… https://t.co/dGYDdGttYd   SpaceX’s BFR will be capable of taking astronauts to the Moon and Mars, but it’s also set to dramatically reduce the time it takes to travel…

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Move over Disney, Mexico plans $840 million Mayan theme park

Loknath Das

Mexican President Enrique Pena Nieto announced plans Monday for an $840 million Mayan theme park on the Caribbean coast to rival the major theme parks in the United States. The park, dubbed Amikoo – or ‘friend’ in the Mayan language – will have rides and characters based on Mayan mythology and be built in two phases in the so-called Riviera Maya, a stretch of pristine beaches on Mexico’s southeastern coast. “We’re going to compete with other (parks) up there (in the United States), and I’m sure ours will be better,”…

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4 Reasons Freelancers and the Self Employed Should Consider Individual 401k Plans

Loknath Das

“Save your money. You’re going to need twice as much money in your old age as you think.” — Michael Caine If you’re self-employed and trying to boost your retirement savings, Solo 401(k) plans are a potential option. Solo 401(k) plans are qualified retirement plans for self-employed professionals and business owners with no employees other than a spouse. These plans have gained popularity because of investor-friendly features and higher contribution limits than traditional retirement accounts. The biggest limitation on a Solo 401(k) plan is its eligibility criteria. You must have some…

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London Stansted reveals plans for £130m arrivals building

Loknath Das

London Stansted Airport has today unveiled plans for a new £130 million arrivals building to significantly improve the passenger experience. The building is the latest phase in the multi-million pound transformation programme by MAG to support future growth at the airport and attract new passengers and airlines. Stansted is currently the busiest single terminal airport in the UK with up to 5,000 departing passengers alone passing through its doors every hour at peak times. With passenger numbers expected to increase over the next decade, particularly with runway capacity constraints at…

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Far-right Israeli minister plans bill to annex one of biggest settlements

subhadip

The far-right Israeli education minister, Naftali Bennett, has vowed to introduce a bill this month to formally annex Maale Adumim, one of Israel’s largest settlement blocks in the occupied Palestinian territories. In remarks made at a museum in the city of 40,000 located outside Jerusalem, Bennett said: “After being here for 50 years, the time has come to end military rule.” The hardline leader of the Jewish Home party also made clear that he saw the annexation of Maale Adumim as a first step in annexing all of “area C”,…

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Mahmoud Abbas plans to attend Shimon Peres funeral in Jerusalem

subhadip

The Palestinian president, Mahmoud Abbas, has indicated he plans to attend the funeral of the former Israeli president and prime minister Shimon Peres on Friday, despite the strong opposition of some in his Fatah movement. Peres died on Wednesday at the age of 93 after suffering a stroke two weeks ago. He is due to be buried in Jerusalem’s Mount Herzl cemetery in a ceremony that will be attended by 80 world leaders. Abbas’s attendance at the funeral – joining the likes of Barack Obama, Bill Clinton, Prince Charles and…

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U.S. plans third patrol near disputed South China Sea islands – source

subhadip

The U.S. Navy plans to conduct another passage near disputed islands in the South ChinaSea in early April, a source familiar with the plan said on Friday, the third in series of challenges that have drawn sharps rebukes from China. The exact timing of the exercise and which ship would travel inside a 12-nautical mile limit around a disputed island was not immediately clear. The United States has conducted what it calls “freedom of navigation” exercises in recent months, sailing near disputed islands to underscore its right to navigate the…

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CBSE plans to raise ratio of girls in engineering

admin

The CBSE has launched Udaan, a project to mentor 1,000 (50% seats earmarked for students from SC/ST/ backward classes) girl students to compete for admission at premier engineering colleges. Free of cost, the project will provide a course in online/offline format for students of class XI and XII to help them prepare for the JEE. Science students from any board who have scored a minimum 70% in class X and 80% in science and math and 75% in physics, chemistry, and mathematics in class can apply. The last date for…

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